Fuel definition
Examples of Fuel in a sentence
Neither the Seller, nor, to the Seller’s Knowledge, any other party thereto is in breach of or default under (or is alleged to be in breach of or default under) or has provided or received any written notice of any intention to terminate, any such Fuel Contract or Seller Agreement.
Each Fuel Contract and Seller’s Agreement is valid and binding upon the Seller in accordance with its terms and is in full force and effect.
Complete and correct copies of each Fuel Contract and Seller Agreement (including all modifications, amendments, and supplements thereto, and waivers thereunder) have been made available to Buyer.
The inventory of Seller, including the Fuel Inventories, is valued by Seller with respect to each category of inventory at the lower of cost (on a last-in, first out) or market and does not include any material amount of items which are below standard quality, damaged or spoiled, obsolete.
To Seller’s Knowledge, no event or circumstance has occurred that, with notice or lapse of time or both, would constitute an event of default under any Fuel Contract or Seller Agreement or result in a termination thereof or would cause or permit the acceleration or other changes of any right or obligation of the loss of any benefit thereunder.